PROPOSALS

So that we can move expeditiously on items like purchasing equipment, perform electrical and structural renovations, improve the space by paying contractors to do work, and generally have more flexibility to match our income and our need to grow, Martin Bogomolni proposed to amend the OA regarding Board Expenditures on the Members Mailing List as follows:

3.1(b):

ORIGINAL TEXT

Notwithstanding the foregoing provisions of Section 3.1(a), the approval of the Class B Members shall be required prior to the Company taking any action requiring the expenditure of more than five hundred dollars ( $500 ) of Company cash in any single, or series of related transactions.

AMENDED PROPOSED TEXT

Notwithstanding the foregoing provisions of Section 3.1(a), the approval of the Class B Members shall be required prior to the Company taking any action requiring the expenditure of more than twenty thousand dollars ( $20,000 ) of Company cash in any single, or series of related transactions in a fiscal year. Expenditures above one thousand dollars ( $1000 ) of Company cash up to the aforementioned limit in any single, or series of related transactions in a fiscal year require the approval of the majority of the Board of Directors. Expenditures below one thousand dollars ( $1000 ) of Company cash and above the petty cash policy of seventy-five dollars ( $75 ) in any single, or series of related transactions in a fiscal year and require the signed written approval of the Director of Finance and the Executive Director.

Since ATX Hackerspace is growing rapidly ( 40+ people in the last couple weeks! ) and our laser cutters are currently quite used and scheduled heavily, Martin Bogomolni proposed we rent the Epilog Legend EXT36 75W Laser for Six Months w/ Purchase Option on the Members Mailing List as follows:

Martin Bogomolni has a laser cutter in pristine condition, with a fresh new laser tube w/ 2 year warranty, new honeycomb bed, and engraving bed. It uses Corel Draw, Adobe Illustrator, and the printer has built-in memory so jobs can be spooled to it like any network printer.

The proposal is that the hackerspace rent the laser cutter for six months at $350/mo.

ATXHS has a purchase option for $14,400 when the rental period ends. The Hackerspace will need to purchase it using a lease from a lender ( ~$400/mo - 48 mo )

If ATXHS chooses not to purchase the laser, it will be returned to Martin in the same clean condition it was brought in, with a new honeycomb, and ready for immediate use.

The hackerspace is responsible for all costs and maintenance while renting the printer, including

professional transportation of the laser to/from the facility

providing clean, humidity free, regulated air for the air assist

providing proper ducting and a venting fan for the laser cutter to Epilog specifications ( 800 CFM at 6” of static pressure )